Shares of Graco Inc. (NYSE:GGG) traded today at $78.29, eclipsing its 52-week high. This new high was reached on below average trading volume as 73,000 shares traded hands, while the average 30-day volume is approximately 859,000 shares.
Graco Inc. (NYSE:GGG) defies analysts with a current price ($77.63) 9.0% above its average consensus price target of $70.67.
Graco is a manufacturer of equipment used for managing fluids, coatings, and adhesives, specializing in difficult-to-handle materials. Graco’s business is organized into three segments: industrial, process, and contractor. The Minnesota-based firm serves a wide range of end markets, including industrial, automotive, and construction, and its broad array of products include pumps, valves, meters, sprayers, and equipment used to apply coatings, sealants, and adhesives. The firm generated roughly $1.7 billion in sales and $410 million in operating income in 2020.
Graco Inc. share prices have moved between a 52-week high of $78.29 and a 52-week low of $41.79 and are now trading 86% above that low price at $77.63 per share.
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